Short Interest in Danimer Scientific, Inc. (NYSE:DNMR) Expands By 7.9%

Danimer Scientific, Inc. (NYSE:DNMR) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 494,200 shares, an increase of 7.9% from the November 30th total of 457,900 shares. Based on an average daily volume of 67,300 shares, the days-to-cover ratio is currently 7.3 days. Approximately 18.2% of the shares of the company are sold short.

Analyst Ratings Changes

DNMR has been the subject of several recent analyst reports. Piper Sandler downgraded Danimer Scientific from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $40.00 to $4.00 in a research note on Wednesday, November 20th. TD Cowen reduced their price target on shares of Danimer Scientific from $40.00 to $5.50 and set a “hold” rating for the company in a report on Thursday, November 21st.

Institutional Trading of Danimer Scientific

Several institutional investors and hedge funds have recently bought and sold shares of DNMR. First Heartland Consultants Inc. lifted its stake in Danimer Scientific by 58.1% in the third quarter. First Heartland Consultants Inc. now owns 81,674 shares of the company’s stock valued at $37,000 after acquiring an additional 30,000 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Danimer Scientific by 18.5% in the 3rd quarter. XTX Topco Ltd now owns 86,252 shares of the company’s stock valued at $39,000 after purchasing an additional 13,473 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Danimer Scientific in the 2nd quarter valued at about $62,000. Diversified Trust Co grew its holdings in Danimer Scientific by 53.1% during the third quarter. Diversified Trust Co now owns 436,200 shares of the company’s stock worth $198,000 after purchasing an additional 151,200 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in Danimer Scientific by 4.9% in the third quarter. Capital Investment Advisors LLC now owns 630,329 shares of the company’s stock valued at $286,000 after buying an additional 29,200 shares during the period. Institutional investors own 33.84% of the company’s stock.

Danimer Scientific Stock Down 49.2 %

Shares of NYSE:DNMR opened at $2.10 on Thursday. Danimer Scientific has a 52 week low of $1.81 and a 52 week high of $73.60. The company has a market capitalization of $6.34 million, a PE ratio of -0.06 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.05 and a current ratio of 3.28. The company has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $14.43.

About Danimer Scientific

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.